Copper price jumps as dollar eases
Copper prices rose on Wednesday buoyed by a weaker dollar amid hopes the pace of US interest rate hikes would slow down. The dollar wallowed near a three-week low versus major peers as more signs of economic weakness in the United States fanned speculation about a less hawkish Federal Reserve. Copper for delivery in December rose 3.8% on the Comex market in New York, touching $3.52 per pound ($7,744 per tonne). The most-traded November copper contract on the Shanghai Futures Exchange was up 0.1% to 63,050 yuan ($8,650.02) a tonne. “The…
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